Taxing profits on bitcoin is possible?

[Jamii 608]

It can be possible if a country will take as legal in every aspect then it can be paid taxes.  So if government should accept and use it on legal base then we can get benefits on country level..so after that government can take some taxes to people. So it have some fee cha4ge when we are rraw into our currency.  So it becomes legal in any country then a country can conduct taxes according to law. But it good if government accept on legal and get must benefit from cryptocurrency. 

[Merry Cherry 670]

On 10/19/2019 at 5:43 AM, Mathers said:

Taxing profits on Bitcoin is more complicated than it would seem, what will be the way to determine the profits ? is it fiat equivalence or in satoshi, and how will the profits be monitored ?

Yes i do agree with you Mate because according to me i think its complicated and the taxes will be too  big also i think  so then for sure it's fee will also be high and i think it will not be good for us who are present in this forum my friend. 

[dlal88 725]

My friend, I do not have any information about imposing taxes on encrypted currencies, especially since many countries do not recognize them, but I believe that if these countries manage to control the world of encrypted currencies, they can impose taxes and do whatever they want and set the procedures that suit them about that, but not now Because most countries do not control it

[piuri01 446]

I think that, as bitcoin is a virtual currency with decentralized technology, the restrictions imposed by the countries on it will not be of much use, I hope that we do not have to pay taxes for the transactions we do with our currencies.